PayFit

Automated payroll and HR management software

Paris, Île-de-France, France

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About PayFit

PayFit provides a software solution that streamlines payroll management and human resources processes for small and medium-sized businesses (SMBs). Their platform is designed to be fast and user-friendly, allowing business owners and HR professionals to automate payroll tasks, which saves them time and reduces costs. PayFit operates mainly in France, Spain, and the UK, serving over 6,500 companies, including well-known brands like Biocoop, Heetch, and Gymlib. Unlike many competitors, PayFit focuses on a subscription-based model that offers a comprehensive range of features to assist in the digital transformation of HR management. The company's goal is to enable businesses to concentrate on their employees by simplifying administrative tasks.

Paris, FranceHeadquarters
2015Year Founded
$463.8MTotal Funding
SERIES_ECompany Stage
Consulting, Enterprise SoftwareIndustries
501-1,000Employees

Benefits

An amazing working environment, designed for kindness and blossoming
An attractive remuneration package
An international and dynamic team with the opportunity to visit our different offices (Paris, Berlin, Barcelona, London, Milano)
WFA (work from anywhere policy)
A gym inside the office and Gymlib subscription with preferential rate
Regular team and global events (workshops for a big variety of topics, sport, well-being, time and priority management, sophrology...)
Restaurant tickets
4 weeks of paternity leave (fully covered) and 20 weeks of maternity leave (fully covered)
Henner insurance
Great coffee, fruits, snacks, foosball, MPG Teams or even team yoga classes
MacBooks are our standard, but we'll provide whatever equipment you need to help you get your job done!

Risks

Increased competition from Pento could challenge PayFit's market share.
Integration with BambooHR may expose PayFit to data privacy risks.
Caroline Leroy's move to Platform.sh could lead to talent poaching.

Differentiation

PayFit automates payroll and HR for SMBs with a user-friendly SaaS platform.
The company supports digital transformation with a range of product features and services.
PayFit operates in France, Spain, and the UK, serving over 6,500 companies.

Upsides

Recent €254M funding round boosts PayFit's growth and market expansion potential.
Integration with AI-driven analytics enhances payroll and HR solutions for SMBs.
Rising demand for cloud-based HR solutions aligns with PayFit's SaaS model.

Funding

Total raised$463.85 M
Latest valuation$1.82 B
StageSERIES_E
SERIES E
12/31/2021
$279
$1.82 B
SERIES D
2/28/2021
$99
$450.00 M
SERIES C
5/31/2019
$77
$350.00 M
SERIES B
6/30/2017
$15
$70.00 M
SERIES A
9/30/2016
$6
$25.00 M
SEED
12/31/2015
$1
$2.50 M